Murrey Math Lines 24.08.2017 (EUR/GBP, CHF/JPY)

EUR GBP, “Euro vs Great Britain Pound”

As we can see at the H4 chart, the EUR/GBP pair has broken the 7/8 level and fixed above it. Later, the price is expected to reach the 8/8 level at 0.9277, rebound from it, and then resume falling towards the 5/8 one at 0.9094.

At the H1 chart, the 8/8 level at 0.9277 is the same as the 8/8 level from the H4 chart. The future scenario is similar to the H4 chart: the pair may rebound from 0.9277 and start falling to reach 0.9094.

CHF JPY, “Swiss Franc vs Japanese Yen”

As we can see at the H4 chart, the CHF/JPY pair has rebounded from the support at the 0/8 level at 112.50 and, as a result, may grow towards the resistance at the 3/8 one at 114.84.

At the H1 chart, the price may break the 3/8 level and then continue moving upwards to reach 114.84.

At the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may start a new ascending movement towards 114.84.

RoboForex Analytical Department